22 January 2025
22 January 2025
Barrick Gold holds a 50% stake in the mine, with the remaining stake owned by the governments of Pakistan and Balochistan.
Goldman Sachs secured the top spot by value, advising on $13.3bn worth of deals.
The country opened its first industrial-scale plant in late 2023, constructed by a Chinese group.
The acquisition is subject to TSX Venture Exchange approval, with closing expected by 28 February 2025.
McCarthy Tetrault secured the top position by value, and Cassels Brock & Blackwell by volume, according to GlobalData's league table.
While continued demand and investment from private and public sectors is driving cobalt production, geopolitical tensions and oversupply pose long-term market risks.
The sale of this sodium hydroxide is expected to help maintain low operating costs for the project's primary product, lithium carbonate.
This follows the receipt of mining clearances last year, as confirmed by two sources familiar with the situation.
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